机构投资
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The recent increase in Bitcoin is driven by these factors
On May 7, although Bitcoin's gain since the beginning of the year is only 3.8%, far less than gold's 29%, the global asset management giant BlackRock's Bitcoin spot ETF (IBIT) has already attracted a net inflow of $6.69 billion, ranking sixth in the U.S. ETF fund list, surpassing the largest gold ETF (GLD) which had $6.5 billion in inflows.
This phenomenon indicates that institutional investors are optimistic about Bitcoin's long-term value, even as gold has surged to $3,384 per ounce due to geopolitical tensions and inflation concerns, while Bitcoin has fallen more than 10% from its historical high in January.
Analysts point out that this change shows that Bitcoin can still attract funds during periods of price volatility, further validating its asset allocation value as “digital gold.” It is expected that the scale of Bitcoin ETFs will reach three times that of gold ETFs in the next 3 to 5 years.
At the same time, Singapore's crypto investment firm QCP Capital analyzes that recent fluctuations in the foreign exchange market and legislative measures in New Hampshire have jointly driven the rise of Bitcoin.
On one hand, the drastic fluctuations of the Taiwan dollar have impacted the regional foreign exchange market, particularly the currency pair of Hong Kong dollar and US dollar, prompting the Hong Kong Monetary Authority to take decisive intervention measures, selling HKD 73.3 billion to maintain the peg. This action significantly boosted the Hong Kong dollar exchange rate, leading to a sharp decline in interbank offered rates and triggering hedge funds to unwind their USD/HKD carry trades.
On the other hand, New Hampshire has passed landmark legislation allowing the state government to allocate up to 5% of public funds to Bitcoin and precious metals, making it the first state in the U.S. to establish state-level Bitcoin reserves, positioning Bitcoin as the only eligible digital asset in the state. Its symbolic significance cannot be overlooked and opens new doors for the institutionalization of cryptocurrencies.
It is worth noting that against the backdrop of stabilized foreign exchange market conditions and the passage of legislation in New Hampshire, Bitcoin surged by 3%, recovering to $97,000, erasing previous declines. In summary, the combined effects of these factors have instilled confidence in the market regarding the prospects of Bitcoin and its related derivatives.
Which factor do you think has the greatest impact on the rise of Bitcoin? Leave your thoughts in the comments!
#比特币 #机构投资 #外汇市场
On May 7, although Bitcoin's gain since the beginning of the year is only 3.8%, far less than gold's 29%, the global asset management giant BlackRock's Bitcoin spot ETF (IBIT) has already attracted a net inflow of $6.69 billion, ranking sixth in the U.S. ETF fund list, surpassing the largest gold ETF (GLD) which had $6.5 billion in inflows.
This phenomenon indicates that institutional investors are optimistic about Bitcoin's long-term value, even as gold has surged to $3,384 per ounce due to geopolitical tensions and inflation concerns, while Bitcoin has fallen more than 10% from its historical high in January.
Analysts point out that this change shows that Bitcoin can still attract funds during periods of price volatility, further validating its asset allocation value as “digital gold.” It is expected that the scale of Bitcoin ETFs will reach three times that of gold ETFs in the next 3 to 5 years.
At the same time, Singapore's crypto investment firm QCP Capital analyzes that recent fluctuations in the foreign exchange market and legislative measures in New Hampshire have jointly driven the rise of Bitcoin.
On one hand, the drastic fluctuations of the Taiwan dollar have impacted the regional foreign exchange market, particularly the currency pair of Hong Kong dollar and US dollar, prompting the Hong Kong Monetary Authority to take decisive intervention measures, selling HKD 73.3 billion to maintain the peg. This action significantly boosted the Hong Kong dollar exchange rate, leading to a sharp decline in interbank offered rates and triggering hedge funds to unwind their USD/HKD carry trades.
On the other hand, New Hampshire has passed landmark legislation allowing the state government to allocate up to 5% of public funds to Bitcoin and precious metals, making it the first state in the U.S. to establish state-level Bitcoin reserves, positioning Bitcoin as the only eligible digital asset in the state. Its symbolic significance cannot be overlooked and opens new doors for the institutionalization of cryptocurrencies.
It is worth noting that against the backdrop of stabilized foreign exchange market conditions and the passage of legislation in New Hampshire, Bitcoin surged by 3%, recovering to $97,000, erasing previous declines. In summary, the combined effects of these factors have instilled confidence in the market regarding the prospects of Bitcoin and its related derivatives.
Which factor do you think has the greatest impact on the rise of Bitcoin? Leave your thoughts in the comments!
#比特币 #机构投资 #外汇市场
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$BTC
♣️Hello friends from all walks of life, I am A10JQK.
🃏Relevant news shows that many listed companies have continued to increase their holdings of Bitcoin since Bitcoin hit a record high in March.
♠️According to statistics, MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet and British football club Real Bedford FC have purchased a total of about 48,836 Bitcoins.
♥️These companies are estimated to have invested a total of about US$3.09 billion, and the current market value of these Bitcoins is about US$3.1 billion. It seems that these companies have made some gains.
♦️It is worth noting that the frequency of corporate purchases of Bitcoin has increased significantly this year, reaching 32 times, far exceeding the 9 times in the whole of last year.
This trend reflects that institutional investors are gaining confidence in Bitcoin. What impact do you think this will have on the cryptocurrency market?
#比特币 #机构投资 #加密货币 #市场趋势
♣️Hello friends from all walks of life, I am A10JQK.
🃏Relevant news shows that many listed companies have continued to increase their holdings of Bitcoin since Bitcoin hit a record high in March.
♠️According to statistics, MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet and British football club Real Bedford FC have purchased a total of about 48,836 Bitcoins.
♥️These companies are estimated to have invested a total of about US$3.09 billion, and the current market value of these Bitcoins is about US$3.1 billion. It seems that these companies have made some gains.
♦️It is worth noting that the frequency of corporate purchases of Bitcoin has increased significantly this year, reaching 32 times, far exceeding the 9 times in the whole of last year.
This trend reflects that institutional investors are gaining confidence in Bitcoin. What impact do you think this will have on the cryptocurrency market?
#比特币 #机构投资 #加密货币 #市场趋势
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BlackRock's Global Allocation Fund has significantly increased its holdings of its Bitcoin ETF IBIT
BlackRock's Global Allocation Fund is an investment product that invests in short-term securities such as stocks, bonds, money market securities, etc. in the U.S. and overseas markets. The fund's investment portfolio is not fixed and changes regularly.
According to the documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC), as of October 31, it held a total of 430,770 shares of IBIT. According to X user MacroScope, this number of shares held increased by 117% from 198,874 shares on July 31.
Source: sec.gov
In addition, IBIT’s holdings have increased more than 10 times compared to the first quarter, when it was just 43,000 shares. Despite IBIT doubling its investment in Bitcoin products, these shares only account for 0.1% of the total size of the global allocation fund of $16.5 billion.
According to the documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC), as of October 31, it held a total of 430,770 shares of IBIT. According to X user MacroScope, this number of shares held increased by 117% from 198,874 shares on July 31.
Source: sec.gov
In addition, IBIT’s holdings have increased more than 10 times compared to the first quarter, when it was just 43,000 shares. Despite IBIT doubling its investment in Bitcoin products, these shares only account for 0.1% of the total size of the global allocation fund of $16.5 billion.
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Will Strategy Be Forced to Sell BTC? Michael Saylor Responds Urgently!
As a steadfast holder of Bitcoin, Michael Saylor, co-founder and chairman of Strategy, has boldly bet on Bitcoin for many years, leading the company's main strategic direction with this approach.
However, the recent 8-K filing submitted by Strategy to the SEC has triggered a wave of panic in the market.
The disclosure in the filing reveals that Strategy holds a reserve of 528,000 Bitcoins (average purchase price of $67,458), but its core enterprise software business has not generated positive operating cash flow.
In addition, the company carries $8.22 billion in debt and faces an annual contractual interest burden of $35.1 million.
Although the company has taken on a massive annual dividend of $146.2 million and issued over $1.6 billion in preferred stock, these debts and dividends are also an invisible mountain.
The document also mentions that if the price of Bitcoin drops significantly, the company's financing may become difficult, and they may even incur losses and sell some BTC to meet debt obligations.
This risk not only concerns MicroStrategy itself; a large-scale sell-off would break the market expectation of 'institutions only buying and not selling,' potentially triggering a downward spiral in both stock and cryptocurrency prices, and even testing the feasibility of Bitcoin as a corporate reserve asset.
In the face of the crisis, company founder Michael Saylor responded on the X platform with just the word 'HODL' (Hold On for Dear Life), demonstrating his consistent tough stance. This biggest believer in Bitcoin has repeatedly stated that 'he will not sell even a single Satoshi of Bitcoin,' indicating that Saylor remains confident in Bitcoin.
Conclusion:
Strategy is at a critical point of 'stress testing' for corporate Bitcoin holdings, facing the choice of steadfastly adhering to beliefs and continuing to 'HODL,' or compromising with financial realities. This decision not only concerns the company's own fate but may also reshape the institutionalization process of the entire cryptocurrency market.
If Strategy can successfully navigate this crisis, it may establish a benchmark model for publicly traded companies holding BTC; however, if forced to sell, it could shake confidence in the institutionalization of the entire cryptocurrency market.
Do you think that based on Strategy's current holding cost, the company can cope with financial risks? Between financial pressure and belief, what do you think Michael Saylor will ultimately choose?
As a steadfast holder of Bitcoin, Michael Saylor, co-founder and chairman of Strategy, has boldly bet on Bitcoin for many years, leading the company's main strategic direction with this approach.
However, the recent 8-K filing submitted by Strategy to the SEC has triggered a wave of panic in the market.
The disclosure in the filing reveals that Strategy holds a reserve of 528,000 Bitcoins (average purchase price of $67,458), but its core enterprise software business has not generated positive operating cash flow.
In addition, the company carries $8.22 billion in debt and faces an annual contractual interest burden of $35.1 million.
Although the company has taken on a massive annual dividend of $146.2 million and issued over $1.6 billion in preferred stock, these debts and dividends are also an invisible mountain.
The document also mentions that if the price of Bitcoin drops significantly, the company's financing may become difficult, and they may even incur losses and sell some BTC to meet debt obligations.
This risk not only concerns MicroStrategy itself; a large-scale sell-off would break the market expectation of 'institutions only buying and not selling,' potentially triggering a downward spiral in both stock and cryptocurrency prices, and even testing the feasibility of Bitcoin as a corporate reserve asset.
In the face of the crisis, company founder Michael Saylor responded on the X platform with just the word 'HODL' (Hold On for Dear Life), demonstrating his consistent tough stance. This biggest believer in Bitcoin has repeatedly stated that 'he will not sell even a single Satoshi of Bitcoin,' indicating that Saylor remains confident in Bitcoin.
Conclusion:
Strategy is at a critical point of 'stress testing' for corporate Bitcoin holdings, facing the choice of steadfastly adhering to beliefs and continuing to 'HODL,' or compromising with financial realities. This decision not only concerns the company's own fate but may also reshape the institutionalization process of the entire cryptocurrency market.
If Strategy can successfully navigate this crisis, it may establish a benchmark model for publicly traded companies holding BTC; however, if forced to sell, it could shake confidence in the institutionalization of the entire cryptocurrency market.
Do you think that based on Strategy's current holding cost, the company can cope with financial risks? Between financial pressure and belief, what do you think Michael Saylor will ultimately choose?
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Metaplanet once again spent 1 billion yen to buy Bitcoin. Can you keep up with this institutional craze?
Just today, Japanese listed company Metaplanet made another big move, spending 1 billion yen to buy 108.999 Bitcoins! And since they started using Bitcoin as a "strategic reserve asset" in May this year, the stock price has soared by more than 218%! 🔥
This is not just another round of Bitcoin accumulation, but also a vote of confidence by institutional funds in Bitcoin as a legitimate financial asset. What’s even more surprising is that they also successfully earned a premium income of 23.97 Bitcoins through option trading! 👀
Metaplanet's operation is comparable to MicroStrategy, which has attracted a lot of money worldwide. Will their Bitcoin strategy drive the company's stock price to soar further? Do you dare to follow this Bitcoin bull market? 🐂
This is not just another round of Bitcoin accumulation, but also a vote of confidence by institutional funds in Bitcoin as a legitimate financial asset. What’s even more surprising is that they also successfully earned a premium income of 23.97 Bitcoins through option trading! 👀
Metaplanet's operation is comparable to MicroStrategy, which has attracted a lot of money worldwide. Will their Bitcoin strategy drive the company's stock price to soar further? Do you dare to follow this Bitcoin bull market? 🐂
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